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Income Statement
Twin Vee PowerCats, Co. (VEEE)
Twin Vee PowerCats, Co. (VEEE)
source: myfinsight.com
Net loss
-$2,898,012
(-75.20%↓ Y/Y)
Interest income
$132,460
(233.80%↑ Y/Y)
Loss before income
tax
-$2,898,012
(-75.20%↓ Y/Y)
Total other income
$123,525
(468.32%↑ Y/Y)
Interest expense
$8,935
(-54.31%↓ Y/Y)
Loss from operations
-$3,021,537
(-80.30%↓ Y/Y)
Total operating
expenses
$2,838,869
(21.85%↑ Y/Y)
Gross (loss) profit
-$182,668
(-127.93%↓ Y/Y)
Net sales
$3,128,374
(-34.22%↓ Y/Y)
Salaries and wages
$822,978
(-22.00%↓ Y/Y)
Impairment of property &
equipment
$699,711
Selling, general and
administrative
$600,106
(-0.85%↓ Y/Y)
Depreciation and
amortization
$459,085
(7.88%↑ Y/Y)
Professional fees
$256,989
(34.90%↑ Y/Y)
Cost of products sold
(excluding depreciation &...
$3,311,042
(-19.27%↓ Y/Y)
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